Startup India report card: 93% jump in startups exempted from angel tax; 391 funded via Fund of Funds

Startup India report card: 93% jump in startups exempted from angel tax; 391 funded via Fund of Funds

Finance Minister Nirmala Sitharaman in August 2019 had announced an exemption for DPIIT-registered startups from the 30 per cent angel tax levied for receiving investment against the issuance of shares “which exceeds the Fair Market Value of such shares.”
Check the source here –Source, Financial Express.

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